The Minority Parliament has registered dissatisfaction about the government’s support to the Bank of Government (BoG) to print more money without parliament’s approval.
According to the Minority led by Mr. Cassiel Ato Forson, between the periods of January 2022 to June 2022 the BoG has printed an amount of GHS 22 billion on the orders of the government and Finance Minister, Ken Ofori-Atta.
Mr. Cassiel Ato Forson raised the issue at a press conference after the Mid–Year Budget Review was delivered by Finance Minister Ken Ofori-Atta on Monday, 25 July 2022.
He noted that no wonder inflation is galloping and Ghana’s reserve dwindling under the watch of the managers of the economy.
Mr. Forson was of the view that this was gross illegality committed by the Governor of the Bank of Ghana (BoG), Dr. Ernest Addison.
He said the records indicate that the government has encouraged the BoG to print an amount of GHS 48 million and GHS22 billion respectively without due process.
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